Losing Money to Be a Tycoon

Yuchen nodded.
“Don’t worry, Boss Pei, I have used all the funds including all the funds you have allocated to open branches strictly in accordance with your requirements.
I left absolutely no money!”

Pei Qian felt a little relieved before he asked.
“Then, how much of a gap is there if we are to achieve a turnaround?”

“Uh…” Rui Yuchen pondered for a moment.
“It is not easy to estimate, Boss Pei.
I can only say that even if everything were to go well, it should not be possible to turn profitable in the next few months.

“We burnt too much money in the early stages after all.
Various expenses such as opening branches, salaries, etc.
are very…”

Ses

Rui Yuchen gave a brief about the current situation.
In short, the capital requirement for Fish-Catching Take-Out had been high and the profit was low to begin with.
They would need a significant increase in customers recently to be able to turn profitable.
Yes, so this possibility would not happen in the short term.
Pei Qian nodded slightly.
“Then, what if Quanmin Reviews were to give Fish-Catching Take-Out a special long term recommendation?”.

m

.

Rui Yuchen’s eyes brightened up.
“Really?” Pei Qian’s mouth twitched.
“What will happen?”

Rui Yuchen thought about it carefully.
“Uh, having such a recommendation is, of course, a good thing.
However, such recommendations would usually be more long term and have a subtle effect.
It will not be particularly obvious in the short term.

“However, it would always be good if Boss Pei were to be able to get such a recommendation for Fish-Catching Take-Out!”

Pei Qian heaved a sigh of relief.
Alright, it’s great if it would not have much of an impact in the short term.
He had high hopes for Fish-Catching Take-Out.
Please don’t let anything happen to it.

Pei Qian felt much better after hearing from Rui Yuchen that it would take several months at least to turn the losses into profits even in the best case.

He could then concentrate on other areas that needed worrying about: the Deposit Fitness for example… The impact of this comprehensive review was too great after all.
It basically included all the other Tengda departments still in the red.

Fortunately, the Sloth Apartments was a very low-key project.
There was no publicity so it temporarily managed to scrape through.

“I understand, keep the status quo then!”

Rui Yuchen was filled with rigor once again after he watched Boss Pei leave.
It seemed like Boss Pei did attach great importance to Fish-Catching Take-Out!

Boss Pei might be busy with work, but he personally came to No.
1 store to inquire about what was currently happening.

The most important was that he actually received an important recommendation from Quanmin Reviews.
That was very helpful for the long-term planning of Fish-Catching Take-Out!

Rui Yuchen integrated the previously collated improvement plans and handed them to the back kitchen so that they could make a new menu based on it.
He was just about to rest for a while when he raised his head and saw someone he knew.

“Brother Lin?”

“You’re a little late; Boss Pei just left.”

Rui Yuchen got Lin Canrong to sit down.

Lin Canrong visibly felt a little strange.
“Boss Pei was here? What a pity then.
I wanted to thank him in person and also to tell him my new insights.”

Rui Yuchen: “Then it should be alright.
Boss Rui is not someone who would care about such small details.
What do you want to thank Boss Pei for?”

“Of course, it is to thank Boss Pei for telling me to find my true position in the F&B industry!” Lin Canrong replied seriously.
Rui Yuchen was taken aback.
“Hmm? What do you mean?”

Lin Canrong took a sip from his drink before asking.
“You should know about foreign food bloggers, right?”

Rui Yuchen nodded.
“Yes, I heard of them.”

Lin Canrong had discussed with Rui Yuchen about Boss Pei’s true intentions for not allowing Ming Yun Private Kitchen to open branches.
That was because the rare resource of such a high-end restaurant lied in its chef.

Ming Yun Private Kitchen’s chefs were poached from all over the country at a high price.
Such talents could not be mass-produced.
Therefore, it was impossible to guarantee the quality from the branches.

Lin Canrong invested all of his money into employee training and really reaped rewards after he understood this point.

However, it was obvious that Lin Canrong now had new insights.

“Previously, I naively thought that Boss Pei’s thinking was only until this step, but I now understood that the naive one was me!

“I originally thought that Ming Yun Private Kitchen would only increase its foreign guests and increase a bit of popularity if it was recommended by well-known foreign food bloggers.
“However, I’m deeply inspired now, seeing the methodology with Quanmin Reviews! Turning word-of-mouth into popularity then into traffic before transforming it into benefits in other areas!”

“The premise of all these was so that Ming Yun Private Kitchen could provide customers with the best taste and into a high-end F&B brand by the public!”

Rui Yuchen nodded.
“Yes, that’s the case, and then?”

Lin Canrong smiled slightly.
“Boss Wang has shown us the correct solution to Boss Pei’s thinking.
The next step is of course to copy homework!”

“Let us go back to that very first question and think carefully.”

“Why would Boss Pei continue to invest here if he knows that Ming Yun Private Kitchen cannot make much more money? It is obviously for a higher reputation to be exchanged for more popularity and more

profit…”

“Obviously, Boss Pei had long thought of using reputation to exchange for popularity for other areas to obtain more revenue.”

“However, Boss Wang of Quanmin Reviews guessed it before us!”

“In fact, thinking carefully about it, it should be a surprise because if you think about the routine of Boss Pei, it seemed to be prepared for us! Now I understand, the branch I was struggling with previously had always been there.
Isn’t that just Fish-Catching Take-Out?” Rui Yuchen was taken aback.
“Brother Lin, you mean…”

Lin Canrong smiled slightly.
“The number of great chefs is limited.
You wouldn’t be able to find such good chefs; neither would you be able to use top-grade ingredients.
What difference does that have with Fish-Catching Take-Out?”

“We are both F&B even though we are from different departments.
Wouldn’t it meet Boss Pei’s expectations if we can use the reputation of Ming Yun Private Kitchen, which is the nameless restaurant, and translate a part of it to become a cheaper version in Fish-Catching Take-Out?”